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GAS OIL Crude oil prices rose last week as renewed geopolitical tensions — particularly unrest in Iran and supply risks — kept buyers cautious about future supply. Inventory data showing tighter balances and ongoing uncertainty over Venezuelan exports also supported prices. Hence, Brent crude increased by over 1% for the week, settling at $64.13 a barrel. January 19, 2026 -105203550658095110Q2 26Q3 26Q4 26Sum26Win26Sum27p/thermChange in Gas Prices09.01.202616.01.20266162636465666709.01.2612.01.2613.01.2614.01.2615.01.2616.01.26$/bblBrent British near-term gas prices fell over the past week as warmer weather revisions reduced demand expectations. Robust Norwegian and LNG flows also put pressure on prices. As a result, NBP spot shed by over 6% for the week, ending at 73.35 p/therm ,despite strong storage withdrawals. Along the forward curve, the gas price for Sum-26 delivery dropped by over 4% for the week, closing at 64.18 p/therm as strong supply as well as warmer, windier forecasts outweighed short-lived volatility from linepack shortages and geopolitical tensions.